Economics
Vietnam Airlines Considers Creating Cargo Unit to Boost Revenue
- Carrier forecasts a 6.4% increase in passengers this year
- Airline expects Ho Chi Minh City listing by third quarter
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Vietnam Airlines Corp., which has been transforming its fleet with new widebody planes and expanding services, is looking to further boost growth by starting a dedicated cargo unit.
The Southeast Asian nation has become a major manufacturing hub, with companies such as Samsung Electronics Co. annually producing billions of dollars in devices, providing an air freight opportunity for the national carrier, Vietnam Airlines Chief Executive Officer Duong Tri Thanh told Juliette Saly in a Bloomberg Television interview.